Coggin Ltd Changed from the Straight-Line Method to the Declining

question 47

Multiple Choice

Coggin Ltd changed from the straight-line method to the declining balance method of depreciation for all newly acquired assets.This change has no material effect on the current year's financial report but is reasonably certain to have a substantial effect in later years.If the change is adequately disclosed in the notes to the financial report the auditor should issue a report with a(n) :

• A)consistency modification.
• B)unmodified opinion.
• C)explanatory paragraph.
• D)qualified opinion.

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Definitions:

Hilgard

Hilgard refers to Ernest Hilgard, a psychologist known for his research on hypnosis, especially his theory of a "hidden observer" in the hypnotic state.

Dream Differences

The variation in dream content, frequency, and significance among different individuals, often influenced by cultural, psychological, and personal factors.

Strangers

Individuals who are unknown or unfamiliar to someone.

Hypnotic Induction

A process through which a practitioner leads a person into a state of heightened suggestibility and relaxation, marking the beginning of a hypnosis session.